RIO DE JANEIRO: Mining giants Vale and BHP have proposed paying a nearly $25 billion settlement over a 2015 dam collapse in Brazil that killed 19 people and flooded dozens of towns, Vale said Monday.The companies proposed a payment of 127 billion reais or nearly $25 billion dollars to repair damage in one of the country’s worst environmental disasters, the Brazilian firm said in a statement.The amount included more than $7 billion already spent on repairs and compensation, it added.The tragedy in the southeastern town of Mariana unleashed a torrent of nearly 40 million cubic meters of highly toxic mining waste sludge, killing 19 people, flooding 39 towns and leaving more than 600 people home
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